Vietnam projected to record trade surplus of USD2-3 billion in 2018

Vietnam’s exports this year could reach USD239-240 billion. (Photo: VNA) Data recently released by the MOIT shows that Vietnam exported USD20.8 billion worth of goods in October, while importing USD20.7 billion, producing a surplus of USD100 million. Exports in October fell 1.5% against the previous month due to a sharp decline of 21.4% in phones and phone parts, which brought in an estimated USD4 billion. However, respectable growth was maintained in certain other goods such as computers, electronic products, machinery and footwear. On aggregate, exports in the January-October period were estimated at USD200.3 billion, while imports were USD193.84 billion. The MOIT stated that Vietnam’s export revenues have now reached 84.6% of the target for 2018, adding that exports this year could grow by 10-12% to USD239-240 billion. Last year, Vietnam registered a trade surplus of USD2.7 billion./. CPV/NDO